Pay off mortgage and start having fun!

newgirly

I have spent a whole afternoon going through new year plans, unfortunatly I seem to be more short on cash than I thought, so need to find £122 to get back in the black this month. No chance of that so it will have to come from the grocery budget in jan. I had planned on using just £100 cash plus the veg box delivery from riverford, but I think I may do without up the cash a bit and go to the farm for the moment.

So for jan its £5 a day all in plus lots of leftover turkey

I now have a new folder with lots of sections- super sad I know

• daily spending
• debts
• mortgage
• budget
• monthly challenge
• christmas/birthdays
• up your income 2012 challenge
• grocery challenge
• yearly budget plans
• spare!

I have put my new target for the 2012 mfw challenge as £10k , which includes the mortgage and 0% CC.

Looking back over 2011 I have paid off the following:

£7,203 off the mortgage

£4,057 off the 0%CC

£11,260 total

plus interest on mortgage £5217.

To be honest its not as bad as I though it was going to be, we did also spend a lot having a log cabin in the garden built for the hot tub , plus a new bathroom.

Next year is all about clearing the card/saving or offsetting , we do need to sort the kitchen out as it has a saggy ceiling from the old leaky bathroom and needs smartening up , but i'm resisting dh's comments on needing a whole new kitchen adn i'm going to do it in a more mse way.

Hurdler

I really must be better at remembering and being organised for Birthdays. I got as far as putting monthly dividers in a folder - but I must actually REMEMBER to get the cards!

CathT

Sounds like you are getting super organised to attack the mortgage in 2012. I like the idea of a mini -challenge too and it'll be great at keeping you on track.

icontinuetodream

newgirly wrote: »

I have spent a whole afternoon going through new year plans, unfortunatly I seem to be more short on cash than I thought, so need to find £122 to get back in the black this month. No chance of that so it will have to come from the grocery budget in jan. I had planned on using just £100 cash plus the veg box delivery from riverford, but I think I may do without up the cash a bit and go to the farm for the moment.

So for jan its £5 a day all in plus lots of leftover turkey

I now have a new folder with lots of sections- super sad I know

• daily spending
• debts
• mortgage
• budget
• monthly challenge
• christmas/birthdays
• up your income 2012 challenge
• grocery challenge
• yearly budget plans
• spare!

I have put my new target for the 2012 mfw challenge as £10k , which includes the mortgage and 0% CC.

Looking back over 2011 I have paid off the following:

£7,203 off the mortgage

£4,057 off the 0%CC

£11,260 total

plus interest on mortgage £5217.

To be honest its not as bad as I though it was going to be, we did also spend a lot having a log cabin in the garden built for the hot tub , plus a new bathroom.

Next year is all about clearing the card/saving or offsetting , we do need to sort the kitchen out as it has a saggy ceiling from the old leaky bathroom and needs smartening up , but i'm resisting dh's comments on needing a whole new kitchen adn i'm going to do it in a more mse way.

I think that your folder is a fab idea!!!:T and you should be really proud of what you have acheived this year.... I'm looking forward to following your progress in 2012!!

pammyj74

What a great achievement this year considering your extra spends! Thats brill.
I too have a virtual folder for each spending on my SS, mine has a holiday fund as well as we are going on a budget caravan holiday to skeggy.
Good Luck for 2012

newgirly

Thanks guys, I got very side tracked at the start of 2011 so thought a monthly challenge might force me to focus a bit more without getting too bored doing the same challenge the whole year.

yukkibear

They are impressive totals, well done. Looking forward to seeing how you get on with your food budget in January. I worked out ours until payday and there is £64 left for food. Hmm. Might need to be inventive. Hubby's answer? Can't u just use that money ( from other acc) err no darling that's the point of a budget lol

[Deleted User]

Fab figures!! well done! (and I dont think the folder idea is sad at all!! )

newgirly

I have been naughty and ordered some clothes from my jan budget for the kids , a few pairs of boys shorts for summer, some t'shirts and a tracksuit and t'shirt for me as I need to exercise my ever incresing behind in the new year. £33 for 11 items plus free del. Not too bad but my clothes budget is supposed to be £30 per month now, oops

I'm trying not to buy any food until jan, last night I had fridge bottom soup and everyone else had leftover xmas dinner from mums (had been frozen first), today i am not sure what to do, i wonder if baileys and shortbread biscuits is a healthy diet for a young family:D

Dh is back at work today , although he has decided for the rest of this week to do his actual working hours which means he will be home around 1 or 2 instead of the usual 7 ish, its crazy thinking of howmany extra hours he puts in un-paid.

I should be tidying and washing but I can't seem to get off mse at the moment, I really want to take another look at the matched betting advice again at some point today, it has to be worth a try.

newgirly

Argh! been on rightmove again. There is a cottage a few doors up from our old one but with only 2 bedrooms for just £170K, it has a cellar, a huge garden and is in a lovely village about 20 mins away, it is so cheap we could afford to build a massive extension like the neighbours have, it also needs modernising. I want it, and I want it now.:D